Imran Khan Forgot to Declare his Flat



  • Imran Khan maintained stance that his only property that he earned through cricket was always declared. However the tax documents and showed that he didn't declare it for 17 years and only declared in an amnesty scheme by General Musharraf in 2000.



  • میرا کپتان صرف میسنا ہی نہیں بلکہ ٹیکس چور بھی ہے

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  • Imran declared London flat under whitening of black money scheme

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    Never declared the flat in wealth statements for 17 years; declared his income at Rs97,334 for the year 1983-84 but purchased London flat for GBP110,000 (Rs2,438,000) in 1983; PTI spokesman says party has decided not to cooperate with Jang/News Group any more; Imran’s tax lawyer says declaring foreign assets wasn’t mandatory

    ISLAMABAD: Contrary to his claim that though he didn’t declare his offshore company but declared the London flat owned by it, the PTI chief Imran Khan in fact never declared his flat from 1983 (the year of purchase) to 2000 in his wealth statements and only declared it under General Musharraf’s ‘Whitening of Black Money Scheme’ (Tax Amnesty Scheme 2000) in the financial year 2001.

    While declaring his flat in income tax returns for the financial year 2001, Imran Khan, who has always been a vocal opponent of whitening of black money schemes, formally admitted in his wealth statement that he was declaring his London flat under the Tax Amnesty Scheme 2000 (TAS 2000). Imran, who started his international cricket career in 1971, started filing income tax returns in 1982 and started filing wealth statements along with his tax returns from the year 1989. In all his wealth statements from 1989 to 2000, Imran Khan declared all his assets including his houses, plots and agricultural lands but never declared his London flat, which he had purchased in 1983. Imran Khan has never declared his offshore company Niazi Services Limited of Jersey, Channel Islands, in any of his returns of wealth statements though he mentioned his shares and investments in other local companies.

    According to tax experts, by not declaring his London flat for 17 years (1983 to 2000) and only declaring it by taking advantage of tax amnesty scheme, the PTI chief had in fact formally admitted that he was hiding his London asset and offshore company.

    Imran Khan declared his income at Rs36,634 for the year 1981-82, Rs35,104 for the year 1982-83 and Rs97,334 for the year 1983-84 but he managed to purchase Flat 2, 165 Draycott Avenue, South Kensington, London for GBP 110,000. The British Pound exchange to Pak Rupee exchange rate at that time was Rs22.17 which means he paid Rs2,438,000. However, while taking advantage of whitening of black money scheme, Imran declared cost of his flat at Rs2,000,000. He was to pay 11 to 14 percent tax on cost of flat to make it legal depending in which month August, September, October or November of year 2000 he was declaring it.

    On being contacted by The News, Naeemul Haq, spokesman for the PTI chairman, responded, “Sorry, we have decided not to cooperate with Jang/News Group anymore.” This correspondent tried till late night to contact any senior PTI leader to take his view. A PTI leader on the condition of not being named told this correspondent that it was wrong to say that Imran availed whitening of black money scheme. And even if it is correct, it was his right to avail such a scheme.

    When The News contacted Yusaf Ali Chaudhry, tax lawyer of the PTI chief, who issued a statement about tax history of Imran Khan four days back and volunteered to respond to any queries, responded, “It is true that the PTI chief Imran Khan declared his London flat for the first time in 2001 as submitting assets statements was not a requirement before that”. When asked, if the PTI chief was submitting his wealth statements since 1989 and was declaring all his assets in Pakistan except his London flat, Yousaf argued that declaring foreign assets or companies was not mandatory and this is why Sharif family hasn’t declared any of their foreign assets or businesses in Pakistan.

    The political leaders in the developed democracies have to pass through strict scrutiny and any such concealment in assets can destroy their career. On surfacing of any such irregularity regarding any political leader, people in Western democracies believe that the one who is not clear and transparent in his own personal financial affairs could never run affairs of the state honestly.

    http://www.thenews.com.pk/print/121111-Imran-declared-London-flat-under-whitening-of-black-money-scheme



  • Imran declared London flat under whitening of black money scheme

    Never declared the flat in wealth statements for 17 years; declared his income at Rs97,334 for the year 1983-84 but purchased London flat for GBP110,000 (Rs2,438,000) in 1983; PTI spokesman says party has decided not to cooperate with Jang/News Group any more; Imran’s tax lawyer says declaring foreign assets wasn’t mandatory

    ISLAMABAD: Contrary to his claim that though he didn’t declare his offshore company but declared the London flat owned by it, the PTI chief Imran Khan in fact never declared his flat from 1983 (the year of purchase) to 2000 in his wealth statements and only declared it under General Musharraf’s ‘Whitening of Black Money Scheme’ (Tax Amnesty Scheme 2000) in the financial year 2001.

    While declaring his flat in income tax returns for the financial year 2001, Imran Khan, who has always been a vocal opponent of whitening of black money schemes, formally admitted in his wealth statement that he was declaring his London flat under the Tax Amnesty Scheme 2000 (TAS 2000). Imran, who started his international cricket career in 1971, started filing income tax returns in 1982 and started filing wealth statements along with his tax returns from the year 1989. In all his wealth statements from 1989 to 2000, Imran Khan declared all his assets including his houses, plots and agricultural lands but never declared his London flat, which he had purchased in 1983. Imran Khan has never declared his offshore company Niazi Services Limited of Jersey, Channel Islands, in any of his returns of wealth statements though he mentioned his shares and investments in other local companies.

    According to tax experts, by not declaring his London flat for 17 years (1983 to 2000) and only declaring it by taking advantage of tax amnesty scheme, the PTI chief had in fact formally admitted that he was hiding his London asset and offshore company.

    Imran Khan declared his income at Rs36,634 for the year 1981-82, Rs35,104 for the year 1982-83 and Rs97,334 for the year 1983-84 but he managed to purchase Flat 2, 165 Draycott Avenue, South Kensington, London for GBP 110,000. The British Pound exchange to Pak Rupee exchange rate at that time was Rs22.17 which means he paid Rs2,438,000. However, while taking advantage of whitening of black money scheme, Imran declared cost of his flat at Rs2,000,000. He was to pay 11 to 14 percent tax on cost of flat to make it legal depending in which month August, September, October or November of year 2000 he was declaring it.

    On being contacted by The News, Naeemul Haq, spokesman for the PTI chairman, responded, “Sorry, we have decided not to cooperate with Jang/News Group anymore.” This correspondent tried till late night to contact any senior PTI leader to take his view. A PTI leader on the condition of not being named told this correspondent that it was wrong to say that Imran availed whitening of black money scheme. And even if it is correct, it was his right to avail such a scheme.

    When The News contacted Yusaf Ali Chaudhry, tax lawyer of the PTI chief, who issued a statement about tax history of Imran Khan four days back and volunteered to respond to any queries, responded, “It is true that the PTI chief Imran Khan declared his London flat for the first time in 2001 as submitting assets statements was not a requirement before that”. When asked, if the PTI chief was submitting his wealth statements since 1989 and was declaring all his assets in Pakistan except his London flat, Yousaf argued that declaring foreign assets or companies was not mandatory and this is why Sharif family hasn’t declared any of their foreign assets or businesses in Pakistan.

    The political leaders in the developed democracies have to pass through strict scrutiny and any such concealment in assets can destroy their career. On surfacing of any such irregularity regarding any political leader, people in Western democracies believe that the one who is not clear and transparent in his own personal financial affairs could never run affairs of the state honestly.

    http://www.thenews.com.pk/print/121111-Imran-declared-London-flat-under-whitening-of-black-money-scheme





  • https://twitter.com/ImranKhanPTI/status/682991631847583748

    This says a person who himself has availed the same scheme in the past while declaring his London flat after 17 years in 2000 under Musharraf's Tax Amnesty Scheme.



  • Tax evasion and corruption is not gonna hurt Immy just it did not hurt NS or BB in 90s.
    Corruption is too abstract for socially and politically weak society like Pakistan.
    Immy gonna lose or win on Tangibles... His own or Sharifs.



  • This is a classic case where a Pakistani celebrity entered into politics and got himself dry-cleaned. He realized that it could be a potential problem for him in the future if he didn't declare his assets properly. The unfortunate part is that until he entered into politics, he never bothered to declare his assets & income and pay taxes.



  • یہ بھی کالے دھن کو سفید کرنے کا کالا قانون ہی ہے جسکے تحت اس فلیٹ کو وہائٹ ہاوس بنایا گیا -- یہ سارے قوانین پاکستان میں اشرافیہ کو ریلیف دینے کے لئیے بنائے جاتے ہیں --

    اس لئیے ان سب چوروں کا ایک ساتھہ احتساب ہونا چاہئِے یہ سب ایک ہی تھیلی کے چٹے بٹے ہیں - اسی لئیے یہ بارہ چوروں کی پارلیمانی کمیٹی بنارہے ہیں اور متحدہ کو لینے کو تیار نہیں



  • In the legal document of transfer of title of Banigala estate Jemima Khan stated a small sentence between the lines "it is a benami transaction". Indeed, a small sentence but translating into bigger and bitter fact. It means that during the whole process of transactions Jemima neither paid any amount nor received any. Again, during the whole process of hanky panky the government of Pakistan was deprived of taxes in this case.



  • There is a difference between a Sale & Purchase agreement and a Transfer Deed.

    Money changes hands in a Sale & Purchase Agreement but an asset can be transferred to another person via a Surrender Deed without any consideration for example for love.

    One should not make hasty judgements without appropriate understanding of the legality of the documents involved



  • In the sworn-affidavit, Jemima Khan says Bani Gala land measuring 300 kanals and five marlas was transferred in her name by ex-husband Imran Khan as ‘benami transaction.’
    In Para-3 of her general power of attorney dated September 21, 2004, Jemima Khan had stated: “The land was transferred in my name through mutations No. 7056, 7225, 7361, 7538, by my ex-husband Mr Imran Ahmed Khan Niazi as a “benami transaction.” After the separation/divorce between me and Mr Imran Ahmed Khan Niazi, I do not intend to keep the land with me.” In the entire affidavit, no amount of money regarding this transaction has been mentioned.
    When The News contacted noted lawyer Abid Hasan Manto for comments, he said if something was put on record through a power of attorney, it should be taken as a fact. “When there is a power of attorney and signature of the person concerned, it is prima facie a fact.”
    Another leading lawyer Athar Minallah says by declaring that it was ‘benami transaction’, Jemima Khan has denied Imran Khan’s claim reported in the media that he borrowed money from her for purchasing the land and returned it on selling his flat in London.
    “She has put him in an awkward position by stating this. The usage of ‘benami transaction’ in power of attorney (a legal document), indicates that Imran Khan paid from his own pocket but chose to register the land in his wife’s name (and it didn’t appear in his tax return details where he could have been questioned about the source of money),” Athar said.
    “Also, declaring ‘benami transaction’ means that she was transferring back the property to the real owner without claiming any money (since she was not the real owner),” the leading lawyer said and added: “Once transferred back in Imran Khan’s name, it is not benami. But it was when he transferred it in Jemima Khan’s name.”



  • کچھ لوگ یہاں پر اطہر منللہ اور سعادت حسن منٹو سے بھی بڑے قانون دان ہیں



  • There is no mileage in making unfruitful comments on the media. If there is some illegality or a law violated the answer is to seek redress from the Courts of law. True?